July 18, 2017

Published by Michael Novogradac on Tuesday, July 18, 2017 - 1:00pm

In this week’s Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general news section where he talks about everything from a potential omnibus spending bill and appropriations for Transportation, Housing and Urban Development and related agencies to the White House’s tax plan timeline. He also discusses an upcoming House Ways and Means Committee hearing on tax reform and how the U.S. Conference of Mayors is asking legislators to invest in affordable housing, community development and clean energy. In low-income housing tax credit news, he provides a cosponsor update on both the House and Senate versions of the Affordable Housing Credit Improvement Act of 2017 (H.R. 1661, S. 548). In new markets tax credit news, he relays another deadline extension from the CDFI Fund to submit required reports for certain programs, including the new markets tax credit. Then, he shares the monthly qualified equity investment issuance report. In historic tax credit news, he touches briefly on an upcoming meeting for the Advisory Council on Historic Preservation and he provides listeners with an update on the status of state historic tax credit investments in Rhode Island.